Monday.Com Reports Q3 Beat, Joins Fortrea Holdings, Henry Schein And Other Big Stocks Moving Higher On Monday

U.S. stocks traded lower, with the Dow Jones falling around 40 points on Monday.

Shares of monday.com Ltd. MNDY gained on Monday following upbeat earnings.

Monday.com posted adjusted earnings of 64 cents per share, beating market estimates of 20 cents per share. The company’s sales came in at $189.19 million versus expectations of $182.36 million.

The company said it sees Q4 revenue of $196 million to $198 million and FY23 revenue of $723 million to $725 million.

monday.com shares climbed 9.9% to $154.03 during Monday’s session.

Here are some big stocks recording gains in today’s session.

• Montauk Renewables, Inc. MNTK shares jumped 23% to $7.91. Scotiabank upgraded Montauk Renewables from Sector Perform to Sector Outperform and announced a $9 price target.
• TETRA Technologies, Inc. TTI shares rose 16.6% to $5.01. Exxon Mobil Corp is reportedly planning to unveil its long-awaited lithium strategy today. The company aims to produce at least 10,000 metric tons of lithium annually in Arkansas by 2026 in partnership with Tetra Technologies, with initial production roughly equivalent to the amount needed to produce 100,000 EV batteries, as per Reuters.
• RLX Technology Inc. RLX jumped 15% to $1.88.
• Karat Packaging Inc. KRT rose 13.6% to $21.39. Karat Packaging recently reported worse-than-expected third-quarter revenue results.
• Penumbra, Inc. PEN gained 13.1% to $205.28.
• Consensus Cloud Solutions, Inc. CCSI gained 9.9% to $23.08. The company recently posted upbeat quarterly earnings.
• StoneCo Ltd. STNE rose 9.8% to $11.77 after the company reported upbeat results for its third quarter on Friday.
• OneSpan Inc. OSPN gained 8% to $10.28. OneSpan commenced a modified "Dutch Auction" tender offer to purchase for cash $20 million of its common stock at a price per share not less than $9.50 and not greater than $11.00.
• Harmony Gold Mining Company Limited HMY rose 7.8% to $4.82.
• Fortrea Holdings Inc. FTRE gained 6.4% to $30.00 following strong quarterly results.
• Henry Schein, Inc. HSIC climbed 6.2% to $68.06 following third-quarter results.
• Spirit Airlines, Inc. SAVE jumped 5.7% to $9.28.
• UP Fintech Holding Limited TIGR gained 5.3% to $4.96.
• The Boeing Company BA gained 4% to $204.38.

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